Long-term looking, selling is not an option at the moment, as we are well above 0.78 handle. However, we believe pair will find plenty of resistance above 0.83 handle.
AUD/USD Daily Forecast – 26 January
Aussie broke above 0.81 handle initially in the course of the yesterday's session, but then pulled back to a daily closing around 0.8030 level. Tomorrow, we expect another similar session, with no major data releases from Australia and with focus on US figures. Pair is likely to find support around 0.80 and 0.7980 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.81 handle.
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